单选题The market demand function for item X is a function of its price, household income, and the price of item Y
单选题A company issues $10 million in 8 percent annual, 5-year bonds, when the market rate is 8.25 percent, The initial balance sheet liability and liability one year from the date of issue are closest to（ ）
单选题An analyst does research about gross profit margin and gathers the following information about a company in 2012: ·Average inventory is $2000 ·Ending inventory of the year is $2500 ·Total revenue is $20000 ·Inventory tumover ratio is 5.5 ·Tax rate is 40% The gross profit margin for the company is closest to: A. 27% B. 31% C. 45%
单选题An analyst gathered the following information about spot rates and a coupon bond (all rates are annual) issued by Farrili Corporation: Spot rate, six-month aero coupon bond 7.0% Spot rate, one-year zero coupon bond 8.0% One year risk-free rate 6% Price for one-year, 9% coupon bond $1010 (semiannual payments, par value $1000) Using the arbitrage-freed approach to valuing bonds, the coupon bond is:
单选题Which of the following statements concerning Taylors and Simss conduct is TRUE?（ ）
单选题A stock has a correlation of 0
单选题The following sequence' of events involves a company' s stock. The company: Had 100000 shares of common' stock Outstanding at the beginning of the year. Issued 20000 shares of common Stock on June 1. Issued a 10% stock dividend on July 1. Issued 1000,10% bonds convertible into 21 shares of stock each, on September 1. Assuming the convertible bonds are dilutive, what is the weighted average number of shares that the company will use to compute its basic and diluted earnings per share? Basic Diluted ①A. 132000 129833 ②B. 122833 129833 ③C. 132000 146000
单选题The idea behind the Laffer curve is that increases in tax rates do not increase tax revenues proportionately because they decrease the:
单选题The M1 measure of the money supply is least likely to include:
单选题According to AIMR Standards of Professional Conduct Standard, which of the following activities violates Standard Ⅳ(B), Priority of Transactions? An analyst（ ）
单选题The January Anomaly, the neglected firm effect, and the book value/market value ratio are studies examining which form of the EMH??
单选题An investor purchases 100 shares of common stock at 50 each and simultaneously sells call options on 100 shares of the stock with a strike price of 55 at a premium of l per option
单选题Which one of the following is least likely one of the assumptions of capital market theory?
单选题An analyst gathered the following information on Roan Mountain Amusement Park: Sales per share = $9.29 Earnings before interest, taxes, depreciation, and amortization (EBITDA) = 65% Interest expense per share = $1.26 Depreciation expense per share = $4.12 Marginal tax rate = 43% Roan Mountain's expected earnings per share is closest to: A. $0.38. B. $0.22. C. $0.04.
单选题Would the following ratios be useful in measuring the profitability of a firm? Ratio 1: Cash plus short-term marketable investments plus receivables divided by average daily cash expenditures. Ratio 2: Earnings before interest and taxes divided by average total assets. Ratio 1 Ratio 2 ①A. No No ②B. Yes Yes ③C. No Yes
单选题Assuming the following yields for different bonds issued by a
corporation:
bonds type
yields
1-year bond
4.2%
2-year bond
5.3%
3-year bond
5.8% If a 3-year U.S. Treasury is
yielding 3.5%, then what is the absolute yield spread on the 3-year corporate
issue?
A. 0.7%
B. 1.8%
C. 2.3%
单选题If a firm raises $30 million by issuing new common stock, which of its financial statements will reflect the transaction?
单选题Silhouette Enterprises must make a balloon loan payment of $1000000 in 3 years. The firm's treasurer wants to purchase a bond that will provide funds for repayment and minimize reinvestment risk. Assume the company has the following four investment options (all with face values of $1000000). Market rates are at 8.00 percent. All bonds are non-callable and are otherwise similar except as noted. Which option best meets the treasurer's requirements? A. A 4-year, zero coupon bond priced to yield 8.50%. B. A 3-year, 8.00% semi-annual coupon bond priced at par. C. A 3-year, zero coupon bond priced to yield 8.00%.
单选题An analyst does research about operating lease and financial lease. In the later years, reporting a lease as a financial lease rather than an operating lease most likely results in: A. higher net income for the lessee. B. higher total cash flow for the lessee. C. higher working capital for the lessee.
单选题From a population of 5000 observations, a sample of n=100 is selected. Calculate the standard error of the sample mean if the population standard deviation is 50.